On the Record · Consolidated Communications Holdings
Consolidated Communications Holdings acquisitions, on the record
The businesses Consolidated Communications Holdings bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
utility poles located in the state of New HampshireWord for word“Depreciation expense also declined due to the sale of utility poles located in the state of New Hampshire in 2020 and certain acquired assets becoming fully depreciated or amortized.” 10-K for 2021 | divestiture | in 2020 | — |
utility poles located in the state of VermontWord for word“Depreciation expense also declined due to the sale of utility poles located in the state of Vermont in 2019.” 10-K for 2021 | divestiture | in 2019 | — |
39 GHz wireless spectrum licensesWord for word“In 2020, we recognized a gain of $3.7 million on the sale of our 39 GHz wireless spectrum licenses as part of the FCC’s efforts to reclaim broadcast TV spectrum for wireless use.” 10-K for 2021 | divestiture | In 2020 | $3.7 million |
Kansas City operationsWord for word“On March 2, 2022, we entered into a definitive agreement to sell substantially all the assets of our business located in the Kansas City market (the “Kansas City operations”).” 10-K for 2022 | agreed divestiture | March 2, 2022 | — |
CCOC, non-core rural ILEC business located in OhioWord for word“In 2022, we completed the sale of substantially all of the assets of CCOC, our non-core, rural ILEC business located in Ohio, for cash proceeds, net of selling costs, of $25.2 million.” 10-K for 2022 | divestiture | 2022 | $25.2 million |
Five limited wireless partnership interestsWord for word“On September 13, 2022, we completed the sale of our five limited wireless partnership interests to Cellco Partnership (“Cellco”) for an aggregate purchase price of $490.0 million.” 10-K for 2022 | divestiture | September 13, 2022 | $490.0 million |
Non-strategic communication towersWord for word“However, during the year ended December 31, 2022, we completed the sale of certain non-strategic communication towers for cash proceeds of $21.0 million and recognized a pre-tax gain on the sale of $20.8 million.” 10-K for 2022 | divestiture | during the year ended December 31, 2022 | $21.0 million |
ILEC business located in OhioWord for word“However, working capital at December 31, 2021 included net assets classified as held for sale of $26.0 million related to the sale of substantially all of the assets of our ILEC business located in Ohio, which was completed in the first quarter of 2022.” 10-K for 2022 | divestiture | first quarter of 2022 | — |
Condor Holdings LLCWord for word“On October 15, 2023, we entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Condor Holdings LLC, a Delaware limited liability company (“Parent”) affiliated with certain funds managed by affiliates of Searchlight, and Condor Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”), pursuant to which, subject to the terms and conditions thereof, Merger Sub will merge with and into the Company (the “Merger”) with the Company continuing as the surviving corporation and a wholly owned subsidiary of an affiliate of Searchlight.” 10-K for 2023 | agreed acquisition | On October 15, 2023 | — |
five limited wireless partnership interests sold to Cellco PartnershipWord for word“On September 13, 2022, we completed the sale of our five limited wireless partnership interests to Cellco Partnership (“Cellco”) for an aggregate purchase price of $490.0 million.” 10-K for 2023 | divestiture | On September 13, 2022 | $490.0 million |
Washington operationsWord for word“On July 10, 2023, we entered into a definitive agreement to sell our business located in the Washington market (“the “Washington operations”), for gross cash proceeds of approximately $73.0 million, subject to customary working capital adjustments and other post-closing purchase price adjustments.” 10-K for 2023 | agreed divestiture | On July 10, 2023 | approximately $73.0 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $13.4 million | $30.1 million | $4.7 million |
| 2017-12-31 | $862.4 million | — | — |
| 2018-12-31 | — | $21 million | — |
Deal filings since 2016
- 2024-12-27 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2024-03-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-10-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-04-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-11-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-09-15 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2022-08-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-04-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-04-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-03-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-03-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-02-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-01-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-10-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-09-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-09-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-01-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-08-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-07-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-07-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-12-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-12-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-12-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-12-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-10-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-01-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Consolidated Communications Holdings’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2024-03-05. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.